IRS Streamlined Installment Agreements Expanded!

IRS Streamlined Installment Agreements Expanded!

The IRS has just issued new rules expanding the streamlined installment agreement. A new program was announced that will run through September 30, 2017. Under the test program, the IRS doubled the dollar limit applicable to streamline installment agreements from $50,000 to $100,000.

This program provides that the payoff must occur within 84 months or within the time left on the collection statute of limitations. The Taxpayer must agree to pay by direct debit from a bank account or through a payroll deduction agreement with an employer. A direct debit is provided for on IRS Form 433-D, Installment Agreement; the payroll deduction is established with IRS Form 2159.

The IRS has discretion whether to file a Notice of Federal Tax Lien. Tax Crisis Institute recently set up an installment agreement where we paid down the tax debt to $100,000, set up the direct debit installment agreement and there was no tax lien.

If a Taxpayer does not agree to automatic payments, he or she must submit financial information, Collection Information Statement Form 433-A. The living standards the IRS allows on this form are quite miserly. The beauty of the streamlined program is a high income tax payer can qualify for the program regardless of income.

This expanded Streamlined Installment Agreement is only available through the IRS automatic collection site also known as ACS. Revenue Officers are regrettably not following these rules at this time. Success with this new expanded program at the phone site level will hopefully lead IRS to change it’s collection policies in the field with Revenue Officers.

.Thank you is not enough for the professional and expert assistance and advice I receive from Dana Ronald and his staff. The peace of mind that is given from his knowledge and professional care is more than appreciated, especially when one feels helpless and without the unique tools to solve a problem with the IRS. Words of thanks are not enough. The knowledge foundation Dana and staff have is what truly makes the difference.

Angel was extremely honest with me. She patiently listened to my case in detail and gave me very good advice. In my tax case, the best advice was to not take Tax Crisis Institute's services. I appreciate that she did not try and create a case where one did not exist nor take my money. She was very empathetic, knowledgeable and forthright. She was really a huge help with my tax situation.

Dana Ronald and Angelique helped so much in taking care of our tax issues. Dana gave us the advise we needed and worked directly with IRS and the state to help resolve our problems. I would recommend TCI to anyone who needs help or advice regarding their tax issues. Thank you Dana and Angelique for taking away the stress!

Very personalized and professional service. Tax Crisis Institute did a great job of taking care of my tax problems. I have been back and forth with the IRS and Franchise Tax Board for years. Tax Crisis Institute put me at ease by taking me from start to the stages that would be involved so I could understand the process. Tax Crisis Institute saved me tens of thousands of dollars. From start to end, I had an excellent experience. I strongly recommend.